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Proposed Agency Information Collection Activities; Comment Request

In accordance with the requirements of the Paperwork Reduction Act of 1995 (PRA), the OCC, the Board, and the FDIC (the agencies) may not conduct or sponsor, and the respondent ...

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Department of the Treasury
Office of the Comptroller of the Currency
Federal Reserve System
Federal Deposit Insurance Corporation

AGENCY:

Office of the Comptroller of the Currency (OCC), Treasury; Board of Governors of the Federal Reserve System (Board); and Federal Deposit Insurance Corporation (FDIC).

ACTION:

Joint notice and request for comment.

SUMMARY:

In accordance with the requirements of the Paperwork Reduction Act of 1995 (PRA), the OCC, the Board, and the FDIC (the agencies) may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The Federal Financial Institutions Examination Council (FFIEC), of which the agencies are members, has approved the agencies' publication for public comment of a proposal to revise and extend for three years the Consolidated Reports of Condition and Income (Call Report) (FFIEC 031, FFIEC 041, and FFIEC 051) which is currently an approved collection of information. The agencies are requesting comment on revisions to these collections related to an interim final rule issued by the FDIC that implements section 902 of the 21st Century ROAD to Housing Act. The agencies received emergency approval from OMB for these revisions.

DATES:

Comments must be submitted on or before December 28, 2026.

ADDRESSES:

Interested parties are invited to submit written comments to any or all of the agencies. All comments will be shared among the agencies. Comments should be directed to:

OCC: Commenters are encouraged to submit comments by email, if possible. You may submit comments by any of the following methods:

  • Email: .
  • Mail: Chief Counsel's Office, Attention: Comment Processing, Office of the Comptroller of the Currency, Attention: 1557-0081, 400 7th Street SW, Suite 1E-216, Washington, DC 20219.
  • Hand Delivery/Courier: 400 7th Street SW, Suite 1E-216, Washington, DC 20219.
  • Fax: (571) 293-4835.

Instructions: You must include “OCC” as the agency name and “1557-0081” in your comment. In general, the OCC will publish comments on www.reginfo.gov without change, including any business or personal information provided, such as name and address information, email addresses, or phone numbers. Comments received, including attachments and other supporting materials, are part of the public record and subject to public disclosure. Do not include any information in your comment or supporting materials that you consider confidential or inappropriate for public disclosure.

Following the close of this notice's 60-day comment period, the OCC will publish a second notice with a 30-day comment period. You may review comments and other related materials that pertain to this information collection beginning on the date of publication of the second notice for this collection by the method set forth in the next bullet.

  • Viewing Comments Electronically: Go towww.reginfo.gov. Hover over the “Information Collection Review” tab and click on “Information Collection Review” from the drop-down menu. From the “Currently under Review” drop-down menu, select “Department of the Treasury” and then click “submit.” This information collection can be located by searching OMB control number “1557-0081” or “Consolidated Reports of Condition and Income (Call Report) (FFIEC 031, FFIEC 041, and FFIEC 051).” Upon finding the appropriate information collection, click on the related “ICR Reference Number.” On the next screen, select “View Supporting Statement and Other Documents” and then click on the link to any comment listed at the bottom of the screen.

For assistance in navigating www.reginfo.gov, please contact the Regulatory Information Service Center at (202) 482-7340.

Board: You may submit comments, identified by “FFIEC 031, FFIEC 041, and FFIEC 051,” by any of the following methods:

  • Agency website: www.federalreserve.gov/​apps/​proposals/​. Follow the instructions for ( printed page 67651) submitting comments, including attachments. Preferred Method.
  • Mail: Benjamin W. McDonough, Secretary, Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue NW, Washington, DC 20551.
  • Hand Delivery/Courier: Same as mailing address.
  • Other Means: . You must include the OMB number or the FFIEC number in the subject line of the message.

Comments received are subject to public disclosure. In general, comments received will be made available on the Board's website at www.federalreserve.gov/​apps/​proposals/​ without change and will not be modified to remove personal or business information including confidential, contact, or other identifying information. Comments should not include any information such as confidential information that would not be appropriate for public disclosure. Public comments may also be viewed electronically or in person in Room M-4365A, 2001 C St. NW, Washington, DC 20551, between 9 a.m. and 5 p.m. during Federal business weekdays.

FDIC: You may submit comments, which should refer to “Call Report Revisions,” by any of the following methods:

  • Agency website: www.fdic.gov/​federal-register-publications. Follow the instructions for submitting comments on the FDIC's website.
  • Email: . Include “Call Report Revisions” in the subject line of the message.
  • Mail: Jennifer Jones, Deputy Executive Secretary, Attn: Comments: Call Report Revisions, Federal Deposit Insurance Corporation, 550 17th Street NW, Washington, DC 20429.
  • Hand Delivery: Comments may be hand delivered to the guard station at the rear of the 550 17th Street NW building (located on F Street NW) on business days between 7 a.m. and 5 p.m.
  • Public Inspection: Comments received, including any personal information provided, may be posted without change to www.fdic.gov/​federal-register-publications. Commenters should submit only information that the commenter wishes to make available publicly. The FDIC may review, redact, or refrain from posting all or any portion of any comment that it may deem to be inappropriate for publication, such as irrelevant or obscene material. The FDIC may post only a single representative example of identical or substantially identical comments, and in such cases will generally identify the number of identical or substantially identical comments represented by the posted example. All comments that have been redacted, as well as those that have not been posted, that contain comments on the merits of this document will be retained in the public comment file and will be considered as required under all applicable laws. All comments may be accessible under the Freedom of Information Act.

FOR FURTHER INFORMATION CONTACT:

For further information about the proposed revisions to the information collections discussed in this notice, please contact any of the agency staff whose names appear below. In addition, copies of the report forms for the Call Report can be obtained at the FFIEC's website ( www.ffiec.gov/​resources/​reporting-forms).

OCC: Shaquita Merritt, Clearance Officer, (202) 649-5490, Chief Counsel's Office, Office of the Comptroller of the Currency, 400 7th Street SW, Washington, DC 20219. If you are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

Board: Nuha Elmaghrabi, Federal Reserve Board Clearance Officer, (202) 452-3884, Data, AI, and Statistics Office, Board of Governors of the Federal Reserve System, 20th and C Streets NW, Washington, DC 20551.

FDIC: Kimberly Yeh, Senior Attorney, (202) 898-6514, Legal Division, Federal Deposit Insurance Corporation, 550 17th Street NW, Washington, DC 20429.

SUPPLEMENTARY INFORMATION:

I. Report Summary (Call Report)

The agencies propose to extend for three years, with revision, their information collections associated with the FFIEC 031, FFIEC 041, and FFIEC 051 Call Report.

Report Title: Consolidated Reports of Condition and Income (Call Report).

Form Number: FFIEC 031 (Consolidated Reports of Condition and Income for a Bank with Domestic and Foreign Offices), FFIEC 041 (Consolidated Reports of Condition and Income for a Bank with Domestic Offices Only), and FFIEC 051 (Consolidated Reports of Condition and Income for a Bank with Domestic Offices Only and Total Assets Less Than $5 Billion).

Frequency of Response: Quarterly.

Affected Public: Business or other for-profit.

OCC

OMB Control No.: 1557-0081.

Estimated Number of Respondents: 934 national banks and Federal savings associations.

Estimated Average Burden per Response: 41.38 burden hours per quarter to file.

Estimated Total Annual Burden: 154,596 burden hours to file.

Board

OMB Control No.: 7100-0036.

Estimated Number of Respondents: 705 State member banks.

Estimated Average Burden per Response: 45.21 burden hours per quarter to file.

Estimated Total Annual Burden: 127,492 burden hours to file.

FDIC

OMB Control No.: 3064-0052.

Estimated Number of Respondents: 2,657 insured State nonmember banks and State savings associations.

Estimated Average Burden per Response: 38.81 burden hours per quarter to file.

Estimated Total Annual Burden: 412,473 burden hours to file.

The estimated average burden hours collectively reflect the estimates for the FFIEC 031, the FFIEC 041, and the FFIEC 051 reports for each agency. When the estimates are calculated by type of report across the agencies, the estimated average burden hours per quarter are 86.25 (FFIEC 031), 55.56 (FFIEC 041), and 34.99 (FFIEC 051). The revisions to the Call Report form and instructions in this notice do not have a material impact on the existing burden estimates. The estimated burden per response for the quarterly filings of the Call Report is an average that varies by agency because of differences in the composition of the institutions under each agency's supervision (for example, size distribution of institutions, types of activities in which they are engaged, and existence of foreign offices).

Type of Review: Extension and revision of currently approved collections. In addition to the proposed revisions discussed below, the Call Report is periodically updated to clarify instructional guidance and correct grammatical and typographical errors on the forms and instructions which are published on the FFIEC website.[1] These non-substantive updates may also be commented upon.

Legal Basis and Need for Collections

The Call Report information collections are mandatory: 12 U.S.C. 161 (national banks), 12 U.S.C. 324 (State member banks), 12 U.S.C. 1817 (insured ( printed page 67652) State nonmember commercial and savings banks), and 12 U.S.C. 1464 (Federal and State savings associations). At present, except for selected data items and text, these information collections are not given confidential treatment.

Banks and savings associations submit Call Report data to the agencies each quarter for the agencies' use in monitoring the condition, performance, and risk profile of individual institutions and the industry as a whole. Call Report data serve a regulatory or public policy purpose by assisting the agencies in fulfilling their shared missions of ensuring the safety and soundness of financial institutions and the financial system and protecting consumer financial rights, as well as agency-specific missions affecting Federal and State-chartered institutions, such as conducting monetary policy, ensuring financial stability, and administering Federal deposit insurance. For many institutions, the Call Report is the source of the most current statistical data available for identifying areas of focus for on-site and off-site examinations. Among other purposes, the agencies use Call Report data in evaluating institutions' corporate applications, including interstate merger and acquisition applications for which the agencies are required by law to determine whether the resulting institution would control more than 10 percent of the total amount of deposits of insured depository institutions in the United States. Call Report data also are used to calculate risk-based assessments for insured depository institutions.

II. Current Actions

Section 29 of the Federal Deposit Insurance Act (FDI Act) restricts insured depository institutions that are less than well capitalized from accepting brokered deposits. Reciprocal deposits [2] obtained, directly or indirectly, from or through the mediation or assistance of a deposit broker are a subset of brokered deposits and generally must be reported as brokered deposits unless an exception applies. Section 29(i) of the FDI Act provides a limited exception for reciprocal deposits to allow an insured depository institution that qualifies as an “agent institution” to exclude from treatment as brokered deposits a limited amount of reciprocal deposits. Reciprocal deposits held by an institution that does not qualify as an agent institution, must be treated as brokered deposits.

Section 902 of the 21st Century ROAD to Housing Act (Housing Act), which became law on July 11, 2026, amended the limited exception for reciprocal deposits in section 29(i) of the FDI Act in two principal respects. First, section 902 revised one of the three methods by which an insured depository institution may qualify as an agent institution. Previously, the first method required an insured depository institution to be well capitalized and to have a composite condition of “outstanding” or “good,” corresponding to a CAMELS composite rating of “1” or “2.” Under the revised provision, an institution may qualify under this method if, when most recently examined, the institution was assigned a composite CAMELS rating of “1,” “2,” or “3” and is well capitalized. Second, section 902 replaced the calculation of the maximum amount of reciprocal deposits that can be treated as not being brokered deposits under the limited exception, known as the general cap, with a tiered calculation based on the agent institution's total liabilities. Under the amended general cap, an agent institution may exclude from treatment as brokered deposits an amount of reciprocal deposits equal to the sum of:

1. 50 percent of the portion of the institution's total liabilities that is less than or equal to $1 billion;

2. 40 percent of the portion of total liabilities that is greater than $1 billion but less than or equal to $10 billion; and

3. 30 percent of the portion of total liabilities that is greater than $10 billion but less than or equal to $96,333,333,333.

On August 27, 2026, the FDIC Board of Directors approved an interim final rule,[3] effective September 1, 2026, to implement section 902 of the Housing Act. In response to the interim final rule, the agencies, under the auspices of the FFIEC, requested and received emergency approval on September 28, 2026, from OMB to implement revisions to the Call Report that took effect beginning with the September 30, 2026, report date. The agencies revised the Call Reports by revising the instructions to conform to the statutory and regulatory definitions of brokered and reciprocal deposits for the following items and Glossary entry:

The agencies also established a new confidentiality exception for the amounts reported in Schedule RC-O, items 9, “Brokered reciprocal deposits,” and 9.a, “Fully consolidated brokered reciprocal deposits,” respectively.

The new confidentiality exception is considered necessary because the amounts reported in Schedule RC-O, items 9 and 9.a., when compared with publicly available total reciprocal deposits reported in Schedule RC-E, Memorandum item 1.g., could reveal nonpublic supervisory information about an institution. The agencies are requesting comment on whether there should be any further changes to the Call Report instructions developed by the agencies to implement the revisions for which emergency approval was received from OMB. If modifications are made to the associated FDIC final rule, the agencies would modify the information collection revisions in this proposal to incorporate any necessary changes.

III. Timing

The Call Report revisions made in response to the Housing Act, as implemented by the FDIC's interim final rule, were approved by OMB through the emergency clearance process, and these revisions have taken effect for the September 30, 2026, Call Report.

IV. Request for Comment

Public comment is requested on all aspects of this joint notice. Comment is specifically invited on:

(a) Whether the revised instructions accurately and clearly implement the amendments to the limited reciprocal deposit exception made by section 902 of the Housing Act;

(b) Whether the proposed revisions to the collections of information that are the subject of this notice are necessary for the proper performance of the agencies' functions, including whether the information has practical utility;

(c) The accuracy of the agencies' estimates of the burden of the information collections as they are proposed to be revised, including the validity of the methodology and assumptions used;

(d) Ways to enhance the quality, utility, and clarity of the information to be collected;

(e) Ways to minimize the burden of information collections on respondents, including through the use of automated collection techniques or other forms of information technology; and

(f) Estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. ( printed page 67653)

Comments submitted in response to this joint notice will be shared among the agencies.

Carl Kaminski,

Assistant Director, Office of the Comptroller of the Currency.

Erin M. Cayce,

Assistant Secretary of the Board.

Federal Deposit Insurance Corporation.

Dated at Washington, DC on October 22, 2026.

Jennifer M. Jones,

Deputy Executive Secretary.

Footnotes

3.   See 91 FR 56022 (Sept. 1, 2026).

Back to Citation

[FR Doc. 2026-21841 Filed 10-26-26; 8:45 am]

BILLING CODE 4810-33-P; 6210-01-P; 6714-01-P

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Federal Register Citation

Use this for formal legal and research references to the published document.

91 FR 67650

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“Proposed Agency Information Collection Activities; Comment Request,” thefederalregister.org (October 27, 2026), https://thefederalregister.org/documents/2026-21841/proposed-agency-information-collection-activities-comment-request.